Economic development mill levy on November ballot - KRTV News in Great Falls, Montana

Economic development mill levy on November ballot

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Voters will decide in November if Cascade County should have an economic development mill levy.

If passed, the levy would allow Cascade County to levy up to three mills each year.

That would increase taxes to about $4 dollars for every $100,000 of home value each year.

The Great Falls Development Authority says many communities in Montana already have a levy like this one.

The City of Great Falls was not able to support an economic development mill levy due to the city facing economic issues.

This has caused GFDA to use city, state, and federal money to help close deals for businesses coming into the county.

If the levy is voted into place, the money it brings In will match the amount that GFDA supporters raise each year to help finalize projects coming into the county.

GFDA is asking taxpayers to invest a what it says is a little bit of money to grow the industrial and commercial tax base, in order to eventually reduce the burden on homeowners.

The money from the levy will go into a special account and commissioners will vote on every dollar that is spent.

GFDA says the primary focus of the levy is to be able to bring in high wage sector jobs and new money into the county.

Here is the full text of the issue on the ballot:

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